Unofficial transfer (c) Soyuzpravoinform LLC
of December 26, 2008 No. ZR-30
About Vsearmyansky bank
Accepted by National Assembly of the Republic of Armenia on January 17, 2009
This law regulates procedure and conditions of creation and activities of Vsearmyansky bank, the principles of activities, procedure for forming and activities of governing bodies, procedure of regulation and control of Vsearmyansky bank, and also other relations connected with activities of Vsearmyansky bank.
1. Vsearmyansky bank - the open joint stock company based on this Law.
2. Activities of Vsearmyansky bank are regulated by the laws of the Republic of Armenia regulating activities of banks and other legal acts adopted on their basis if this law does not provide other.
3. If international treaties of the Republic of Armenia establish other regulations, than those which are provided by this Law then are applied regulations of international treaties.
1. The size of the general capital of Vsearmyansky bank shall be at least the size of the general capital established for newly created bank in the territory of the Republic of Armenia.
2. One of founders of Vsearmyansky bank is the Central bank of the Republic of Armenia (further - the Central bank) or the Republic of Armenia. the rights and obligations of the Central bank and the Republic of Armenia as founders of Vsearmyansky bank are determined by the legislation of the Republic of Armenia. other subjects of the civil law can also be founders or members of Vsearmyansky bank.
1. Vsearmyansky bank - the joint-stock company acting on the basis of private and state cooperation.
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